229 Royal College St
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229 Royal College St
1,152 SF Retail Building London NW1 9LT $908,385 ($789/SF)
Investment Highlights
- Well known tenant in situ for 90 years
- Excellent location in the centre of Camden Town
- Potential to renovate upper floors and basement
- Excellent variety of local amenities
Executive Summary
This is a truly unique opportunity to acquire an unbroken freehold in this prestigious Camden location for the first time in 90 years. Arranged across four floors there is significant potential to explore a renovation of the upper floors and basement alongside a mansard roof extension as has been demonstrated by a number of the adjoining properties (STPP). The property is tenanted under an FRI lease contracted inside the 1954 Landlord & Tenant Act holding over from the 27th November 2015. Trading as Castle’s Pie & Mash, this brand has operated from this location since 1934 and holds significant provenance within the local area. The shop has featured in the recent ‘Back to Black’ film, the Financial Times weekend edit and a Museum of London publication showcasing some of the most exceptional food heritage locations of London.
Located a short walk to the centre of Camden Town offering a wealth of shops and eateries including Pret a Manger, Blank Street Coffee, Boots & Wasabi. The Regents Canal is within a close proximity as well as transport links from both Camden Town (Northern Line) and Camden Road (Overground). The area has seen significant investment in recent years and has become one of the most desirable amongst London’s central hubs.
Current rent is circa £18,000 per annum.
Located a short walk to the centre of Camden Town offering a wealth of shops and eateries including Pret a Manger, Blank Street Coffee, Boots & Wasabi. The Regents Canal is within a close proximity as well as transport links from both Camden Town (Northern Line) and Camden Road (Overground). The area has seen significant investment in recent years and has become one of the most desirable amongst London’s central hubs.
Current rent is circa £18,000 per annum.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,152 SF
Building Class
B
Year Built
1900
Price
$908,385
Price Per SF
$789
Tenancy
Single
Building Height
4 Stories
Amenities
- Storage Space
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229 Royal College St
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